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Is Graco (GGG) Stock Outpacing Its Industrial Products Peers This Year?

Zacks Equity Research
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Investors focused on the Industrial Products space have likely heard of Graco (GGG), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Graco is one of 213 individual stocks in the Industrial Products sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. GGG is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for GGG's full-year earnings has moved 5.94% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, GGG has returned 0.86% so far this year. In comparison, Industrial Products companies have returned an average of -7.89%. As we can see, Graco is performing better than its sector in the calendar year.

Looking more specifically, GGG belongs to the Manufacturing - General Industrial industry, which includes 39 individual stocks and currently sits at #33 in the Zacks Industry Rank. On average, this group has lost an average of 5.17% so far this year, meaning that GGG is performing better in terms of year-to-date returns.

GGG will likely be looking to continue its solid performance, so investors interested Industrial Products stocks should continue to pay close attention to the company.


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